Watco names new EVP/CFO

McKenzie has been serving as interim CFO since July of 2012. As CFO, McKenzie will continue to oversee the areas of finance, accounting, treasury and investor relations. In addition, he has assumed responsibility for the performance management, information technology and operational analysis teams. McKenzie will support all of these areas in following the Customer First Foundation Principles and will oversee the implementation of all financial aspects of Watco's strategic plan.

"During the past six years Matt has led many improvements in several facets of our company. As we conducted our search, it became evident that the best candidate for the CFO position at Watco was Matt. We are very pleased and excited that Matt has accepted the position on a full-time basis," said Terry Towner, Watco president.

McKenzie got his start with Watco in 2007 as senior vice president, chief accounting officer and corporate controller and served as senior vice president finance and corporate controller before being named interim CFO.